What Happened to Zuvaa After Shark Tank?
What is Zuvaa?
Zuvaa was an online community and marketplace for African-inspired clothing and accessories that connected artisans with clients all over the world.
Furthermore, it provided consumers with cultural background information as well as the creators’ experiences.
Kelechi Anyadiegwu is the founder and former CEO of Zuvaa. In 2014, she received a Master’s degree in Computer-Human Interaction from Carnegie Melon University. She immediately began working with MEMS Industry Group as a Web Design Consultant.
Who is the founder of Zuvaa?
Zuvaa’s founder and former CEO is Kelechi Anyadiegwu. She started her clothing firm in 2014 with barely $500.
She is of Nigerian descent and grew up wearing attire with African influences. She kept getting compliments on her outfit, so she bought a domain name and started selling African-inspired clothing from all over the world.
She quickly turned the company into a $2 million revenue behemoth by combining her technical skills in online community building with her creative experience.
She was also included to Forbes’ 30 under 30 lists for retail and ecommerce. Unfortunately for Ms. Anyadiegwu, success proved to be too much for her.
The Zuvaa website includes a link to a public apology. The firm “lacked the essential infrastructure to maintain an expanding organization,” according to the audit.
Overestimation issues, the corporate website, a small workforce, and paying vendors all contributed to the business model’s downfall. There are still a few things for sale on the site, but not nearly as many as there were a year ago.
To her credit, she accepts responsibility for the problems and vows to return in 2018 with a fresh business model that will thrive without dragging the organization down.
Zuvaa grew much too soon and far too enormous. Despite this, she feels the corporation has “barely scratched the surface of this prospect.”
What Happened to Zuvaa’s pitch on Shark Tank?
In Shark Tank episode 913, Kelechi Anyadiegwu pitches Zuvaa, her apparel company, to the Sharks, she displays them vivid African designs. She was searching for a Shark’s help in controlling her growth.
Kelechi entered the Shark Tank seeking $460,000 for 10% stake in her firm, which valued at $4.6 million.
She was joined by models who are dressed in some of her costumes. Following her lecture, she gives samples to the Sharks.
The Sharks were astounded by her ability to turn a $500 investment into a $2 million-selling enterprise in less than two years.
She earns money by charging designers $50 each month plus a 17.5 percent fee. Her monthly income is $50,000, but she is barely scraping by.
Mark was the first Shark to exit because he disagreed with the valuation. Sara was the next to speak out, again mentioning the valuation.
Lori does not think she need an investment, therefore she quits. Daymond sees potential liability issues in the process of judging designers, therefore he’s out.
Kevin provides a $460,000 loan with a 12% interest rate in exchange for 10% equity. Kelechi declines and exits the pitch without a deal.
What Happened to Zuvaa After Shark Tank?
This company was completely shut down before the planned air date of 1/21/2018, and Kelechi departed the pitch without a deal.
She rebranded the firm as Ujuu Media in February 2020 and announced that the website will be operating in 2021.
The website is operational as of January 2022; however revenue information is still unavailable.
Zuvaa’s Competitors
Farfetch, Bluefly, Clothia, and El Armario De La Tele are Zuvaa’s main competitors in the market.
Zuvaa’s Net Worth
The firm was valued at $4.6 million both during and after the pitch, and the company has subsequently rebranded as Ujuu Media.
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Zuvaa FAQs
What is the Zuvaa Headquarters?
Zuvaa is a brainchild of Kelechi Anyadiegwu who is based in Los Angeles, California.
Is Zuvaa an online retailer?
No. Zuvaa is an online community and marketplace for African-inspired clothing and accessories.
Is Zuvaa closed or Shut Down?
ZUVAA was completely shut down before the planned air date of 1/21/2018, and Kelechi departed the pitch without a deal. She rebranded the firm as Ujuu Media in February 2020 and announced that the website will be operating in 2021.
Who is the founder of Zuvaa?
Zuvaa’s founder and former CEO is Kelechi Anyadiegwu. She started her clothing firm in 2014 with barely $500. She is of Nigerian descent and grew up wearing attire with African influences. She kept getting compliments on her outfit, so she bought a domain name and started selling African-inspired clothing from all over the world.
She quickly turned the company into a $2 million revenue behemoth by combining her technical skills in online community building with her creative experience.
What are the products offers by Zuvaa?
The company offers a whole range of items from head to toe. Shaadi, a Nigerian wedding magazine. The Afubian gown.
What is Zuvaa made of?
Zuvaa is a community social networking site and marketplace for African-inspired fashion.
Is Zuvaa a startup or a business?
Zuvaa is an e-commerce firm with a retail store. Online style and product information are available on the customer’s website. The company also sells African-inspired items on its website, as well as through joint venture partners in the U.S.
Who is Zuvaa for?
Zuvaa was created for fashion lovers.
Is Zuvaa available at malls?
Zuvaa is a fashion startup which does not have a physical presence. Therefore, there is no store presence at mall.
Where can I get Zuvaa’s products?
The item listings are available on the site. The prices are available on the same page as well. The items will be shipped to the customers immediately.
Is Zuvaa durable?
Zuvaa does sell quality products and customers are always satisfied with the quality of their purchase.
How do I place an order with Zuvaa?
There is no particular order process, simply go to website, find what customers want and purchase it directly from the website. Their order will be delivered right at their doorstep within a week.
What is Zuvaa guarantee?
Zuvaa offers hassle-free returns and refunds.
What is the procedure of placing an order on Zuvaa?
The process is simple. Customer simply needs to go to the website, visit the desired item, choose color and size from their respective selections and click Add to Cart.
